Customers Bancorp (CUBI) investor relations material

Executive summary

• Q3 net income available to common shareholders was $78.4M and diluted EPS was $2.25; deposits and loans reached records of $22.6B and $18.5B.

• NII rose 8% QoQ, efficiency improved to 47.2%, and management raised FY2026 loan growth guidance.

Financial highlights

• Deposits increased 4% QoQ and 11% YoY to $22.6B; loans rose 3% QoQ and 14% YoY to $18.5B.

• NII was $208.1M, up $15M and 8% QoQ; NIM expanded 2 bps to 3.19%, with a September run-rate of ~3.25%.

• Non-interest expense was $113.4M; core efficiency improved to 47.2% from 50.6% in Q2.

• Tangible book value per share reached $65.66, up 10% YoY; excluding the industry-wide AOCI rate impact, growth would have been 13%.

• Non-interest-bearing deposits rose $300M QoQ to $7.2B, 32% of deposits; average deposit cost was 2.50%.

Outlook and guidance

• FY2026 loan growth guidance rose to 12%+; deposit growth guidance is 9%+, following the deliberate exit of ~$1B of higher-cost deposits.

• FY2026 NII guidance is $805M-$810M and non-interest expense guidance is $460M-$465M; tax rate guidance is 22%-23%.

• Further Q4 margin expansion is expected, supported by low-cost deposits and margin-accretive loan growth.

• Q4 expenses are expected to rise on incentive compensation, technology investment and normalization of lower Q3 costs; low-forties efficiency remains a 2027 target.